Terms

Your loan is a 30 day loan that can be extended for as many 30 day periods as needed.

Loan Terms and Repayment

30-Day Loan Term: Your loan is structured as a 30-day loan that can be extended for as many 30-day periods as needed, provided you fulfill your 30 day interest obligation. 

Interest rate: The interest rate depends on each individual work of art, ranging from as little as 6% per month.

Accrued Billing: As soon as the pawn fine art loan is originated, the first 30-day billing period begins. This loan plus interest is due 30 days from the date of origination unless renegotiated.
Payment Schedule: Since not every month has exactly 30 days, the due date will move forward over time. We will provide a payment schedule.

Origination fee: 2% of the loan

Storage, Shipping and Insurance: Storage, shipping and handling is for debtors account. RG Art Pawn will provide insurance through the term of the loan